The sun. [volume] (Morris, Stevens County, Minn.) 1882-1895, 1887-07-07
Good Prospects for Trade.

H.. VI,
weekly review OF trade on the 25th says:
The failure OF the Fidelity bank OF Cincin.
natl is the natural fruit OF the wheat cor
ner, bat has disturbed business during the
past week quite extensively. The pros.
pect that depositors may recover nothing,
that more than eight other banks which
deposited there will have losses to bear
and that the fraudulent rehypothecation
OF collaterals for loans will entangle the
resources OF many who had nothing to do
with the wheat opera tion, makes the dis
turbance felt in many quarters. The
withdrawal OF funds from New York to
meet i'm mediate needs at the West has
caused temporary stringency here, which
speculators have magnifed but foreign ex-
change is SO near the shipping point and
the supply of unused funds abroad is 80
large that relief would come quickly il
needs here should become serious. More
over large disbursements by the treasury
in July are now close at hand. In the half
yearly settlements, in the struggle to
1iquidate enormous speculations, there
may be some pressure for money during the
remaining days OF June. At nearly all
other points money is reported in good
supply. General reports OF business at
nearly all points are highly encouraging,
and the increasing prospect OF good crops
adds to the prevailing confidence. Collec-
tions are generally fair to good, and the
volume of business good for the season.
At Racine, Wis, a sensation was caused
by the issuance by an ex- alderman and
prominent citizen OF $50 invitations for
the celebration on the Both inst, OF the
death OF his wife. The lady died last
spring It Ia reported that the man has
bought $50 worth OF fireworks to be used
in the celebration"
Ono ~ {ha borf Gpowp 1,ounp a&fornova
of Pierre, Dak., Thomas J. Wolfe, former
" OF Sioux Falls, died after few weeks
sickness. He leaves large fortune. The
body will be forwarded to Sheboygan, Wis.
Hon. Freeman Clark died in Rochester,
n. ", aged 78 years. He was representa-
tive in the Thirty-eighth, Forty y-second and
Forty-t third congresses, and was appointed
in 1865 controller OF the currency by Presi-
dent Lincoln.
The trial OF Chef Smith, the dramatic
agent who has been acting as a procureI
for the vile dens OF Hurley, Wis, reached
an ending in Chicago. Hewas found guilty,
and sentenced to one year in the peniten.
tiary. The prosecution was conducted by
the humane society.
The period OF grace gran ted DR.. McGlynn
OF New York has about expired, and he
has made no sign OF submission. 1t is
stated that the pope without further de.
lay formally excommunicate him.
Fire broke out in Gould & Curry m inc,
Nevada. All the miners escaped with the
exception OF six employed on the fifteen
hundred level in the Best & Belcher mine.
Signals from them have ceased and it is
feared that they have perished.
Miss Clara Foltz. known to fame as the
lady lawyer OF the Pacific coast, has be-
come the editor of the San Diego (Cal.)
Daily Bee.
Adjt. Gen. Drum is not OF English birth.
He was born in Greensburg. Westmoreland
county, Pa.
Judge Aaron Goorich died in st. Paul
recently.
At st. Lo6is, the extensive chain and
hame mauuiactory OF Misdorff, Krein &
Co. was burned. Loss, $50, 600; insurance,
$4,000.
The action OF the United States authori-
ties in taking the names OF Canadians en-
ployed on the American side as they pass
over the bridge causes great Indignation
at Niagara Falls.
At Miles City, Mont, the lumber yard,
warehouse and office buildings OF T. J.
Bryan & Co., were destroyed by fire.
Some employees Of the Manitoba Rail
way company were arrested at Peters.
burg, Dak.. on complaint OF Attorney
johnson Of that place for working Sun
day, in violation Of tho Sunday statute.
Numerous actions have been brought
against the company lately by this at
tOrney, presumable in retaliation for an
alleged injustice done him some time ago
At Jackson Mich, Mrs. William P. Hea
ton, wife OF the editor ot the Daily Cour
ist. and her sister publicly horse-whipped